Gordon Haskett Upgrades Redfin (NASDAQ:RDFN) to Hold

Gordon Haskett upgraded shares of Redfin (NASDAQ:RDFN) to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other equities analysts have also weighed in on RDFN. Citigroup cut their price objective on shares of Redfin from $10.50 to $9.00 and set a “neutral” rating for the company in a research report on Friday, January 3rd. Needham & Company LLC reissued a “hold” rating on shares of Redfin in a research report on Tuesday. Zelman & Associates raised shares of Redfin to a “strong-buy” rating in a research report on Wednesday, March 5th. B. Riley lowered shares of Redfin from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, DA Davidson reissued a “neutral” rating and issued a $7.25 price objective on shares of Redfin in a research report on Wednesday, February 19th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Redfin has a consensus rating of “Hold” and an average price target of $9.48.

Redfin Trading Up 6.4 %

Shares of RDFN opened at $10.38 on Monday. The stock has a market cap of $1.31 billion, a P/E ratio of -8.11 and a beta of 2.90. The company has a 50-day moving average of $7.97 and a two-hundred day moving average of $9.42. Redfin has a 12-month low of $5.10 and a 12-month high of $15.29.

Insiders Place Their Bets

In other Redfin news, insider Christian John Taubman sold 16,333 shares of the business’s stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $8.44, for a total transaction of $137,850.52. Following the completion of the sale, the insider now directly owns 73,466 shares in the company, valued at $620,053.04. The trade was a 18.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Redfin

Several institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Redfin by 14.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 258,481 shares of the company’s stock valued at $2,034,000 after purchasing an additional 33,327 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Redfin by 17.4% in the fourth quarter. Two Sigma Advisers LP now owns 2,524,100 shares of the company’s stock valued at $19,865,000 after purchasing an additional 374,200 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Redfin in the fourth quarter valued at $27,000. Point72 Asset Management L.P. purchased a new position in shares of Redfin in the fourth quarter valued at $1,018,000. Finally, ProShare Advisors LLC boosted its stake in shares of Redfin by 51.9% in the fourth quarter. ProShare Advisors LLC now owns 33,663 shares of the company’s stock valued at $265,000 after purchasing an additional 11,503 shares during the period. 61.07% of the stock is currently owned by hedge funds and other institutional investors.

Redfin Company Profile

Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; and originates and sells mortgages.